International Container Terminal Services, Inc. (ICTSI) has signed two 25-year agreements to operate the international ports in Motukea and in Papua New Guinea (PNG).
According to the port operator, the purchase would allow ICTSI to “contribute its experience, expertise and state-of the-art technology and infrastructure” to enhance the operational efficiency of the domestic terminal in the Port of Manila and improve the traffic condition in Metro Manila.
ICTSI revealed that the terminal operating agreements were signed by ICTSI’s PNG subsidiaries, Motukea International Terminal Limited (MITL) and South Pacific International Container Terminal Limited (SPICTL), with the PNG state-owned enterprise, PNG Ports Corporation Limited (PNGPCL). The contract includes the operation, management, and development of the two ports.
According to the terms of the agreement, MITL shall provide and deploy cranes, berth and yard equipment for the Port of Motukea. The Port of Motukea is newly developed and situated near Port Moresby. It will service all port and shipping activities previously done at Port Moresby. SPICTL is to provide and deploy cranes, berth and yard equipment at the Port of Lae, the largest container handling facility in PNG.